In case you missed it, last week Sears announced its new vacations offering, SearsVacations.com where you can select your vacation, put 10 percent down upon booking and then pay incrementally until you leave. According to this CNN article, you can put your vacation on layaway, allowing you to pay for it, in full, before you leave.
Savers, what are your thoughts? Would you rather buy your trip on layaway or do you have a separate savings account dedicated to vacations?
